REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS 

(OTHER THAN ADVANCES) REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS 

OBLIGATIONS AND OUTLAYS

EFFECTIVE FISCAL YEAR 2022

PREPARED BY:

GENERAL LEDGER AND ADVISORY BRANCH

FISCAL ACCOUNTING OPERATIONS

BUREAU OF THE FISCAL SERVICE

U.S. DEPARTMENT OF THE TREASURY
Procedure Version Log 

All modifications to this document will be tracked to maintain version history. Each modification will require an entry into the log, including the

version, date of the modification, author, reviewer, and description of the changes. All updates to procedures will be subject to a review and

approval process. Updates that do not change the actual process will be considered minor. Minor updates will be reflected with a new version dot 

number (i.e., 1.1). Updates to procedures that alter the current process will be considered major. Major revisions/changeswill require a review and

will be reflected with a new primary number (i.e., 2.0).

Version 

Number

Date Author(s) Reviewer(s) Description of Change

1.0 9/2010 N/A N/A Original

1.1 12/5/21 Regina Epperly Josh Hudkins Update USSGL account titles 

and financial statements.

NOTE: This scenario follows USSGL TFM Bulletin No. 2021-20 (August 2021) and Part 2 2022 crosswalks.
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 3 of 36 IRC Handout December 1, 2021

Background:

Office of Management and Budget (OMB) Circular No. A-11 states “If you return a cash advance or other offsetting collection or 

special or trust fund receipts received in a prior fiscal year, you must record an obligation and an outlay in the current fiscal year.”1

In order to effectively illustrate this OMB requirement, three USSGL scenarios were developed:

• “Refunds of Prior-Year Advances Refunded in the Current Year From Unexpired TAFS As Obligations and Outlays” 

• “Refunds of Prior-Year Spending Authority From Offsetting Collections (Other Than Advances) Refunded in the 

Current Year From Unexpired TAFS As Obligations and Outlays” 

• “Refunds of Prior-Year Advances and other Spending Authority From Offsetting Collections Refunded in the Current 

Year From Expired TAFS As Obligations and Outlays” 

 

 This scenario addresses the second bullet above. 

1 OMB Circular No. A-11, Section 20.10, page 38 (August 2021)
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 4 of 36 IRC Handout December 1, 2021

Listing of USSGL Accounts Used in This Scenario

Account Number Account Title

Budgetary

406000 Anticipated Collections From Non-Federal Sources

411400 Appropriated Receipts Derived From Available Trust or Special Trust Fund Receipts

420100 Total Actual Resources – Collected

421500 Anticipated Expenditure Transfers from Trust Funds

422500 Expenditure Transfers From Trust Funds - Receivable

425500 Expenditure Transfers From Trust Funds - Collected

426600 Other Actual Business-Type Collections From Non-Federal Sources

445000* Unapportioned – Unexpired Authority

449000** Anticipated Resources – Unapportioned Authority

451000 Apportionments

459000 Apportionments – Anticipated Resources – Programs Subject to Apportionment

461000 Allotments – Realized Resources

490100 Delivered Orders – Obligations, Unpaid

490200 Delivered Orders – Obligations, Paid

497200 Downward Adjustments of Prior-Year Paid Delivered Orders – Obligations, Refunds Collected

Proprietary

101000 Fund Balance With Treasury

133500 Expenditure Transfers Receivable

215500 Expenditure Transfers Payable

331000 Cumulative Results of Operations

575000 Expenditure Financing Sources – Transfers-In

576000 Expenditure Financing Sources – Transfers-Out

590000 Other Revenue

590900 Contra Revenue for Other Revenue

* Revised USSGL Account effective FY 2022

** New USSGL Account effective FY 2022
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 5 of 36 IRC Handout December 1, 2021

Scenario Assumptions:

• The GTAS BEA Category Indicator Attribute for illustration purposes is discretionary.

• This is a no-year TAFS or a multi-year TAFS where the period of availability is not about to expire.

• This example does not address earmarked or fiduciary funds.

• This assumes that you have an enacted law permitting agency to credit offsetting collections to your expenditure account. This 

activity is recorded as direct, not reimbursable. 

• Agency #1 and #2 are federal agencies. Agency #1 is either a general fund, revolving non-trust fund or special fund 

expenditure fund. Agency #2 is a trust fund.

• Agency #3 is a non-federal agency.

1. To record Agency #2’s revenue, in which the revenue is immediately available for obligation. Agency #2 is a federal trust fund.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

411400 Appropriated Receipts 

Derived From Available Trust or 

Special Trust Fund Receipts

 445000 Unapportioned –

 Unexpired Authority 

Proprietary Entry 

101000 (G)2 Fund Balance With 

Treasury (RC 40)

 590000 (F) Other Revenue 

10,000

10,000

10,000

10,000

A186

2 The Federal/Non-Federal attribute domain value of “G” will always have trading partner 099 agency identifier.
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 6 of 36 IRC Handout December 1, 2021

2. To record Agency #2’s budget authority apportioned by the Office of Management and Budget and available for allotment.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

445000 Unapportioned - Unexpired 

Authority

 451000 Apportionments 

Proprietary Entry

None

10,000

10,000

A116

3. To record Agency #2’s allotment of authority.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

None

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized 

 Resources

Proprietary Entry 

None

10,000

10,000

A120
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 7 of 36 IRC Handout December 1, 2021

4. Agency #1 anticipates $50,000 of spending authority from offsetting collections from non-Federal sources. This transaction is based on 

enacted public law that directs the agency to credit the expenditure account with these non-federal collections.

Agency #1 Debit Credit TC Agency #3 Debit Credit TC

Budgetary Entry

406000 Anticipated Collections From NonFederal Sources

 449000 Anticipated Resources – 

 Unapportioned Authority

Proprietary Entry

None

50,000

50,000

A140

Budgetary Entry

Agency #3 is non-Federal. No entry 

will be shown in this scenario. 

Proprietary Entry 

Agency #3 is non-Federal. No entry 

will be shown in this scenario.
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 8 of 36 IRC Handout December 1, 2021

5. Agency #1 anticipates $10,000 of spending authority from offsetting collections from Federal sources. This transaction is based on enacted 

public law that directs the agency to credit the expenditure account with these federal collections.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

421500 Anticipated Expenditure Transfers 

from Trust Funds

 449000 Anticipated Resources – 

 Unapportioned Authority

Proprietary Entry

None

10,000

10,000

A144

Budgetary Entry

None 

Proprietary Entry 

None

6. To record Agency #1’s anticipated resources apportioned by Office of Management and Budget but not available for use until they are 

realized for anticipated resources in programs subject to apportionment.

Agency #1 Debit Credit TC Agency #2 & #3 Debit Credit TC

Budgetary Entry

449000 Anticipated Resources –

Unapportioned Authority

 459000 Apportionments – 

 Anticipated Resources – Programs 

 Subject to Apportionment

Proprietary Entry

None

60,000

60,000

A118

Budgetary Entry

None

Proprietary Entry 

None
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 9 of 36 IRC Handout December 1, 2021

7. Agency #1 records the realization of previously anticipated and apportioned authority ($20,000 from federal Agency #2 and $5,000 from 

non-federal Agency #3.) 

Agency #1 Debit Credit TC Agency #2 & #3 Debit Credit TC

Budgetary Entry

459000 Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 461000 Allotments – Realized Resources

Proprietary Entry

None

25,000

25,000

A122

Budgetary Entry

None

Proprietary Entry 

None

8. Agency #1 records the receipt of previously anticipated collections from non-federal Agency #3.

Agency #1 Debit Credit TC Agency #3 Debit Credit TC

Budgetary Entry

426600 Other Actual Business-Type 

Collections From Non-Federal Sources

 406000 Anticipated Collections From 

 Non-Federal Sources

Proprietary Entry

101000 Fund Balance With Treasury

 590000 Other Revenue

20,000

20,000

20,000

20,000

C109

Budgetary Entry

Agency #3 is non-Federal. No entry 

will be shown in this scenario.

Proprietary Entry 

Agency #3 is non-Federal. No entry 

will be shown in this scenario.
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 10 of 36 IRC Handout December 1, 2021

9. Agency #1 records a federal fund receivable for an expenditure transfer from Federal Agency #2 (trust fund).

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

422500 Expenditure Transfers From Trust 

Funds - Receivable

 421500 Anticipated Expenditure

 Transfers From Trust Funds

Proprietary Entry

133500 (F) Expenditure Transfers 

Receivable (RC 27)

 575000 (F) Expenditure Financing 

 Sources – Transfers-In (RC 09)

 

5,000

5,000

5,000

5,000

A498

Budgetary Entry

461000 Allotments – Realized 

Resources

 490100 Delivered Orders –

 Obligations, Unpaid

Proprietary Entry 

576000 (F) Expenditure Financing 

Sources -Transfers-Out (RC 09)

 215500 (F) Expenditure Transfers 

 Payable (RC 27)

5,000

5,000

5,000

5,000

A500

10. Agency #1 records the actual federal fund collection from Agency #2 (trust fund). The collection resulted from an expenditure transfer from 

a trust fund that was previously established as a receivable. For this transaction, agency #2 records object class 94 (financial transfers.)

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

425500 Expenditure Transfers From Trust 

Funds - Collected

 422500 Expenditure Transfers From 

 Trust Funds - Receivable

Proprietary Entry

101000 Fund Balance With Treasury

 133500 (F) Expenditure Transfers 

 Receivable (RC 27)

 

5,000

5,000

5,000

5,000

A502

Budgetary Entry

490100 Delivered Orders – Obligations, 

Unpaid

 490200 Delivered Orders –

 Obligations, Paid

Proprietary Entry 

215500 (F) Expenditure Transfers 

Payable (RC 27)

 101000 Fund Balance With Treasury

5,000

5,000

5,000

5,000

A504
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 11 of 36 IRC Handout December 1, 2021

Year 1 Preclosing Entry:

11. To record adjustments for anticipated resources not realized.

Agency #1 Debit Credit TC Agency #2 & #3 Debit Credit TC

Budgetary Entry

459000 Apportionments – Anticipated 

Resources – Programs Subject to 

Apportionment

 406000 Anticipated Collections From 

 Non-Federal Sources

 421500 Anticipated Expenditure Transfers

 From Trust Funds

Proprietary Entry

None

35,000

30,000

5,000

F112

Budgetary Entry

None

Proprietary Entry 

None
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 12 of 36 IRC Handout December 1, 2021

Preclosing Adjusted Trial Balance Year 1:

Agency #1 Agency #2

Account Description Debit Credit Debit Credit

Budgetary

411400 Appropriated Receipts Derived From Available Trust or 

Special Fund Receipts

- - 10,000 -

425500 Expenditure Transfers from Trust Funds - Collected 5,000 - - -

426600 Other Actual Business-Type Collections From NonFederal Sources20,000 - - -

461000 Allotments – Realized Resources - 25,000 - 5,000

490200 Delivered Orders – Obligations, Paid - - - 5,000

Total 25,000 25,000 10,000 10,000

Proprietary

101000 (G) Fund Balance With Treasury 25,000 - 5,000 -

575000 (F) Expenditure Financing Sources – Transfers-In - 5,000 - -

576000 (F) Expenditure Financing Sources – Transfers-Out - - 5,000 -

590000 (F) Other Revenue - - - 10,000

590000 (N) Other Revenue - 20,000 - -

Total 25,000 25,000 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 13 of 36 IRC Handout December 1, 2021

Year 1 Closing Entries:

12. To record the consolidation of actual net-funded resources and reductions for withdrawn funds.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

420100 Total Actual Resources - Collected

 426600 Other Actual Business-Type 

 Collections From Non-Federal Sources

 425500 Expenditure Transfers from Trust

 Funds - Collected

Proprietary Entry

None

 

25,000

20,000

5,000

F302

Budgetary Entry

420100 Total Actual Resources –

Collected 

 411400 Appropriated Receipts Derived 

 From Available Trust or Special Fund 

 Receipts

Proprietary Entry 

None

10,000

10,000

F302

13. To record the closing of unobligated balances to unapportioned authority for unexpired status is a no-year fund.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 Unapportioned Authority

Proprietary Entry

None

 

25,000

25,000

F308

Budgetary Entry

461000 Allotments – Realized Resources

 445000 Unapportioned Authority

Proprietary Entry 

None

5,000

5,000

F308
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 14 of 36 IRC Handout December 1, 2021

14. To record the closing of paid delivered orders to total actual resources.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

None

 

Budgetary Entry

490200 Delivered Orders – Obligations, 

Paid

 420100 Total Actual Resources –

 Collected

Proprietary Entry 

None

5,000

5,000

F314
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 15 of 36 IRC Handout December 1, 2021

15. To record the closing of revenues and expenses to cumulative results of operations.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

575000 (F) Expenditure Financing Sources 

– Transfers-In

590000 (N) Other Revenue

 331000 Cumulative Results of Operations

 

5,000

20,000

25,000

F336

Budgetary Entry

None

Proprietary Entry 

331000 Cumulative Results of 

Operations

 576000 (F) Expenditure Financing 

 Sources – Transfers-Out

590000 (F) Other Revenue

 331000 Cumulative Results of 

 Operations

5,000

10,000

5,000

10,000

F336
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 16 of 36 IRC Handout December 1, 2021

Post-Closing Trial Balance Year 1

Agency #1 Agency #2

Account Description Debit Credit Debit Credit

Budgetary

420100 Total Actual Resources - Collected 25,000 - 5,000 -

445000 Unapportioned Authority - 25,000 - 5,000

Total 25,000 25,000 5,000 5,000

Proprietary

101000 (G) Fund Balance With Treasury 25,000 - 5,000 -

331000 Cumulative Results of Operations - 25,000 - 5,000

Total 25,000 25,000 5,000 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 17 of 36 IRC Handout December 1, 2021

Financial Statements:

BALANCE SHEET

Line 

No.

Agency #1 Agency #2

Assets (Note 2)

Intra-governmental

1. Fund Balance with Treasury (Note 3) (RC 40) (101000E) 25,000 5,000

7. Total Intra-governmental 25,000 5,000

19. Total assets 25,000 5,000

Liabilities (Note 13)

Intra-governmental

27. Total Intra-governmental - -

Other than intra-governmental/With the public

38. Total other than intra-governmental/with the public -

39. Total liabilities - -

40. Commitments and Contingencies (Note 19)

Net position:

42. Total Cumulative Results of Operations (Combined or Consolidated)

42.1

Cumulative results of operations - Funds From Dedicated Collections (575000, 576000E,

590000E) 25,000 5,000

43. Total net position 25,000 5,000

44. Total liabilities and net position 25,000 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 18 of 36 IRC Handout December 1, 2021

STATEMENT OF NET COST

Line 

No.

Agency #1 Agency #2

Gross Program Costs (Note 21):

Program A:

1. Gross costs - -

2. Less: earned revenue (590000E) 20,000 -

3. Net program costs: (20,000) -

5. Net program costs including Assumption Changes: (20,000) -

8. Net cost of operations (20,000) -

STATEMENT OF CHANGES IN NET POSITION

Line 

No.

Agency #1 Agency #2

Unexpended Appropriations:

 9. Total Unexpended Appropriations - -

15. Nonexchange revenue (590000E) - 10,000

17. Transfers-in/out without reimbursement (+/-) (575000E, 576000E) 5,000 (5,000)

21. Net Cost of Operations (+/-) (20,000) -

22. Net Change in Cumulative Results of Operations 25,000 5,000

23. Cumulative Results of Operations – Ending 25,000 5,000

24. Net Position 25,000 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 19 of 36 IRC Handout December 1, 2021

STATEMENT OF BUDGETARY RESOURCES

Agency #1 Agency #2

Line 

No. Budgetary resources:

1290 Appropriations (discretionary and mandatory) (411400E) - 10,000

1890 Spending authority from offsetting collections (discretionary and mandatory) (425500E, 

426600E)

25,000 -

1910 Total budgetary resources (calc.) 25,000 10,000

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (490200E) - 5,000

2204 Apportioned, unexpired account (461000E) 25,000 5,000

2412 Unexpired unobligated balance, end of year 25,000 5,000

2490 Unobligated balance, end of year (total) 25,000 5,000

2500 Total budgetary resources (calc.) 25,000 10,000

Outlays, net:

4190

Outlays, net (total) (discretionary and mandatory) (calc.) (425500E, 426600E, 

490200E)

(25,000) 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 20 of 36 IRC Handout December 1, 2021

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Agency #1 Agency #2

Line 

No.

BUDGETARY RESOURCES SF 133 Schedule P SF 133 Schedule P

0900 Total new obligations, unexpired accounts (490200E) - - - 5,000

Appropriations:

Discretionary:

1101 Appropriation (special or trust) (411400E) - - 10,000 10,000

1160 Appropriation, discretionary (total) - - 10,000 10,000

Spending authority from offsetting collections:

Discretionary:

1700 Collected (425500E, 426600E) 25,000 25,000 - -

1750 Spending authority from offsetting collections, discretionary (total) 25,000 25,000 - -

1900 Budget authority (total) 25,000 25,000 10,000 10,000

1910 Total budgetary resources (calc.) 25,000 - 10,000 -

1930 Total budgetary resources available (calc.) - 25,000 - 10,000

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (461000E) - 25,000 - 5,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490200E) - - 5,000 -

2004 Direct obligations (total) - - 5,000 -

2170 New obligations, unexpired accounts (490200E) - - 5,000 -

2190 New obligations and upward adjustments (total) - - 5,000 -

2201 Available in the current period (461000E) 25,000 - 5,000 -

2412 Unexpired unobligated balance: end of year 25,000 - 5,000 -

2490 Unobligated balance, end of year (total) (calc.) 25,000 - 5,000 -

2500 Total budgetary resources (calc.) 25,000 - 10,000 -
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 21 of 36 IRC Handout December 1, 2021

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Agency #1 Agency #2

SF 133 Schedule P SF 133 Schedule P

Memorandum (non-add) entries:

2501

Subject to apportionment unobligated balance, end of year 

(461000E) 25,000 - 5,000 -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) - - 5,000 5,000

3020 Outlays (gross) (-) (490200E) - - (5,000) (5,000)

3200 Obligated balance, end of year (+ or -) - - - -

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross (calc.) 25,000 25,000 10,000 10,000

4010 Outlays from new discretionary authority (490200E) - - 5,000 5,000

4020 Outlays, gross (total) (calc.) - - 5,000 5,000

4030 Federal sources (-) (425500E) (5,000) (5,000) - -

4033 Non-federal sources (-) (426600E) (20,000) (20,000)

4040 Offsets against gross budget authority and outlays (total) (-) (25,000) (25,000) - -

4070 Budget authority, net (discretionary) (calc.) - - 10,000 10,000

4080 Outlays, net (discretionary) (calc.) (25,000) (25,000) 5,000 5,000

4180 Budget authority, net (total) - - 10,000 10,000

4190 Outlays, net (total) (25,000) (25,000) 5,000 5,000

Unexpended balances 

(Direct/Reimbursable/Discretionary/Mandatory)

5321 Direct unobligated balance, end of year (461000E) 25,000 25,000 5,000 5,000

5323 Discretionary unobligated balance, end of year (461000E) 25,000 25,000 5,000 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 22 of 36 IRC Handout December 1, 2021

Reclassified Financial Statements:

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line 

No.

Agency #1 Agency #2

1 Gross cost

2 Non-federal gross cost - -

6 Total non-federal gross cost (calc.) - -

7 Federal gross cost - -

8 Total federal gross cost (calc.) - -

9 Department total gross cost (calc.) - -

10 Earned revenue - -

11 Non-federal earned revenue (590000E) 20,000 -

12 Federal earned revenue

13 Total federal earned revenue (calc.) - -

14 Department total earned revenue (calc.) 20,000 -

15 Net cost of operations (calc.) (20,000) -
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 23 of 36 IRC Handout December 1, 2021

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line 

No.

Agency #1 Agency #2

7 Budgetary financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) (RC 41) – Footnote 

1 (310100E)

- -

7.2 Appropriations used (RC 39) (310710E) - -

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) - -

7.8 Expenditure transfers-in of financing sources (RC 09) – Footnote 1 (575000E) 5,000 -

7.9 Expenditure transfers-out of financing sources (RC 09) – Footnote 1 (576000E) - 5,000

7.30 Total financing sources 5,000 5,000

8 Net cost of operations (+/-) (20,000) -

9 Net position, end of period 25,000 5,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 24 of 36 IRC Handout December 1, 2021

Year 2:

1. Agency #1 records budget authority apportioned by OMB.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

445000 Unapportioned – Unexpired 

Authority

 451000 Apportionments

Proprietary Entry

None

 

25,000

25,000

A116

Budgetary Entry

None

Proprietary Entry 

None

2. Agency #1 records the allotment of authority.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

451000 Apportionments

 461000 Allotments – Realized Resources

Proprietary Entry

None

 

25,000

25,000

A120

Budgetary Entry

None

Proprietary Entry 

None
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 25 of 36 IRC Handout December 1, 2021

3. It has been determined that Agency #1 must refund $10,000 of the prior-year’s non-Federal offsetting collection back to the non-federal 

Agency #3.

Agency #1 Debit Credit TC Agency #3 Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 490200 Delivered Orders – Obligations, 

 Paid

Proprietary Entry

590900 (N) Contra Revenue for Other 

Revenue

 101000 Fund Balance With Treasury

 

10,000

10,000

10,000

10,000

D436

Budgetary Entry

Agency #3 is non-Federal. No entry 

will be shown in this scenario.

Proprietary Entry 

Agency #3 is non-Federal. No entry 

will be shown in this scenario.

4. It has been determined that Agency #1 must refund $5,000 of the prior-year’s Federal offsetting collection back to the Federal Agency #2.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 490200 Delivered Orders – Obligations,

 Paid

Proprietary Entry

576000 (F) Expenditure Financing Sources 

– Transfers-Out (RC 09)

 101000 Fund Balance With Treasury

 

5,000

5,000

5,000

5,000

A512

Budgetary Entry

497200 Downward Adjustments of PriorYear Paid Delivered Orders –

Obligations, Refunds Collected

 445000 Unapportioned – Unexpired

 Authority

Proprietary Entry 

101000 Fund Balance With Treasury

 575000 (F) Expenditure Financing 

 Sources – Transfers -In (RC 09) 

5,000

5,000

5,000

5,000

A511
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 26 of 36 IRC Handout December 1, 2021

Pre-Closing Adjusted Trial Balance Year 2

Agency #1 Agency #2

Account Description Debit Credit Debit Credit

Budgetary

420100 Total Actual Resources - Collected 25,000 - 5,000 -

445000 Unapportioned – Unexpired Authority - - - 10,000

461000 Allotments – Realized Resources - 10,000 - -

490200 Delivered Orders – Obligations, Paid 15,000

497200 Downward Adjustments of Prior-Year Delivered Orders –

Obligations, Refunds Collected

- - 5,000 -

Total 25,000 25,000 10,000 10,000

Proprietary

101000 (G) Fund Balance With Treasury 10,000 - 10,000 -

331000 Cumulative Results of Operations - 25,000 - 5,000

575000 (F) Expenditure Financing Sources – Transfers-In 5,000

576000 (F) Expenditure Financing Sources – Transfers-Out 5,000

590900 (N) Contra Revenue for Other Revenue 10,000

Total 25,000 25,000 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 27 of 36 IRC Handout December 1, 2021

Year 2 Closing Entries:

5. To record the closing downward adjustments to delivered orders – obligations, paid.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

None

 

Budgetary Entry

490200 Delivered Orders – Obligations, 

Paid

 497200 Downward Adjustments of 

 Prior-Year Paid Delivered Orders –

 Obligations, Refunds Collected

Proprietary Entry 

None

5,000

5,000

F322

6. To record the closing of paid delivered orders to total actual resources.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

490200 Delivered Orders – Obligations, 

Paid

 420100 Total Actual Resources –

 Collected

Proprietary Entry

None

 

15,000

15,000

F314

Budgetary Entry

420100 Total Actual Resources –

Collected

 490200 Delivered Orders –

 Obligations, Paid

Proprietary Entry 

None

5,000

5,000

F314R
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 28 of 36 IRC Handout December 1, 2021

7. To record the closing of unobligated balances to unapportioned authority for unexpired multi-year and no-year funds.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

461000 Allotments – Realized Resources

 445000 Unapportioned – Unexpired 

 Authority

Proprietary Entry

None

 

10,000

10,000

F308

Budgetary Entry

None

Proprietary Entry 

None

8. To record the closing of revenue, expense, and other financing source accounts to cumulative results of operations.

Agency #1 Debit Credit TC Agency #2 Debit Credit TC

Budgetary Entry

None

Proprietary Entry

331000 Cumulative Results of Operations

 590900 (N) Contra Revenue for Other 

 Revenue

 576000 (F) Expenditure Financing 

 Sources -Transfers-Out (RC 09)

 

15,000

10,000

 5,000

F336

Budgetary Entry

None

Proprietary Entry 

575000 (F) Expenditure Financing 

 Sources -Transfers-In (RC 09)

 331000 Cumulative Results of 

 Operations

5,000

5,000

F336
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 29 of 36 IRC Handout December 1, 2021

Post-Closing Trial Balance Year 2

Agency #1 Agency #2

Account Description Debit Credit Debit Credit

Budgetary

420100 Total Actual Resources - Collected 10,000 - 10,000 -

445000 Unapportioned – Unexpired Authority - 10,000 - 10,000

Total 10,000 10,000 10,000 10,000

Proprietary

101000 (G) Fund Balance With Treasury 10,000 - 10,000 -

331000 Cumulative Results of Operations - 10,000 - 10,000

Total 10,000 10,000 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 30 of 36 IRC Handout December 1, 2021

Year 2 Financial Statements:

BALANCE SHEET

Line 

No.

Agency #1 Agency #2

Assets (Note 2)

Intra-governmental

1. Fund Balance with Treasury (Note 3) (RC 40) (101000E) 10,000 10,000

7. Total Intra-governmental 10,000 10,000

19. Total assets 10,000 10,000

Liabilities (Note 13)

Intra-governmental

27. Total Intra-governmental - -

Other than intra-governmental/With the public

38. Total other than intra-governmental/with the public -

39. Total liabilities - -

40. Commitments and Contingencies (Note 19)

Net position:

42. Total Cumulative Results of Operations (Combined or Consolidated)

42.1

Cumulative results of operations - Funds From Dedicated Collections (331000B, 575000E,

576000E, 590900E) 10,000 10,000

43. Total net position 10,000 10,000

44. Total liabilities and net position 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 31 of 36 IRC Handout December 1, 2021

STATEMENT OF NET COST

Line 

No.

Agency #1 Agency #2

Gross Program Costs (Note 21):

Program A:

1. Gross costs - -

2. Less: earned revenue (590900E) 10,000 -

3. Net program costs: 10,000 -

5. Net program costs including Assumption Changes: 10,000 -

8. Net cost of operations 10,000 -

STATEMENT OF CHANGES IN NET POSITION

Line 

No.

Agency #1 Agency #2

Unexpended Appropriations:

 9. Total Unexpended Appropriations - -

10. Beginning Balances (331000B) 25,000 5,000

12. Beginning balances, as adjusted 25,000 5,000

17. Transfers-in/out without reimbursement (+/-) (575000E, 576000E) (5,000) 5,000

21. Net Cost of Operations (+/-) debit 10,000 -

22. Net Change in Cumulative Results of Operations (15,000) 5,000

23. Cumulative Results of Operations – Ending 10,000 10,000

24. Net Position 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 32 of 36 IRC Handout December 1, 2021

STATEMENT OF BUDGETARY RESOURCES

Agency #1 Agency #2

Line 

No. Budgetary resources:

1071 Unobligated balance from prior year budget authority, net (discretionary and mandatory) 

(Note 25) (420100B, 497200E)

25,000 10,000

1910 Total budgetary resources (calc.) 25,000 10,000

Status of budgetary resources:

2190 New obligations and upward adjustments (total) (Note 29) (490200E) 15,000 -

2204 Apportioned, unexpired account (461000E) 10,000 -

2405 Unapportioned, unexpired accounts (445000E - 10,000

2412 Unexpired unobligated balance, end of year 10,000 10,000

2490 Unobligated balance, end of year (total) 10,000 10,000

2500 Total budgetary resources (calc.) 25,000 10,000

Outlays, net:

4190 Outlays, net (total) (discretionary and mandatory) (calc.) (490200E, 497200E) 15,000 (5,000)
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 33 of 36 IRC Handout December 1, 2021

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Agency #1 Agency #2 

Line 

No.

BUDGETARY RESOURCES SF 133 Schedule P SF 133 Schedule P

0900 Total new obligations, unexpired accounts (490200E) - 15,000 - -

Unobligated balance:

1000 Unobligated balance brought forward, Oct 1 (420100B) 25,000 25,000 5,000 5,000

1033 Recoveries of prior year paid obligations (497200E) - - 5,000 5,000

1070 Unobligated balance (total) 25,000 25,000 10,000 10,000

1900 Budget authority (total) - - - -

1910 Total budgetary resources (calc.) 25,000 - 10,000 -

1930 Total budgetary resources available (calc.) - 25,000 - 10,000

Memorandum (non-add) entries:

All accounts:

1941 Unexpired unobligated balance, end of year (445000E, 461000E) - 10,000 - 10,000

STATUS OF BUDGETARY RESOURCES

New obligations and upward adjustments:

Direct:

2001 Category A (by quarter) (490200E) 15,000 - - -

2004 Direct obligations (total) 15,000 - - -

2170 New obligations, unexpired accounts (490200E) 15,000 - - -

2190 New obligations and upward adjustments (total) 15,000 - - -

2201 Available in the current period (461000E) 10,000 - - -

2403 Other (445000E) - - 10,000 -

2412 Unexpired unobligated balance: end of year 10,000 - 10,000 -

2490 Unobligated balance, end of year (total) (calc.) 10,000 - 10,000 -

2500 Total budgetary resources (calc.) 25,000 - 10,000 -
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 34 of 36 IRC Handout December 1, 2021

SF 133 AND SCHEDULE P: REPORT ON BUDGET EXECUTION AND BUDGETARY RESOURCES AND BUDGET 

PROGRAM AND FINANCING SCHEDULE

Agency #1 Agency #2

SF 133 Schedule P SF 133 Schedule P

Memorandum (non-add) entries:

2501

Subject to apportionment unobligated balance, end of year (445000E,

461000E) 10,000 - 10,000 -

CHANGE IN OBLIGATED BALANCE

Unpaid obligations:

3010 New obligations, unexpired accounts (490200E) 15,000 15,000 - -

3020 Outlays (gross) (-) (490200E) (15,000) (15,000) - -

3200 Obligated balance, end of year (+ or -) - - - -

BUDGET AUTHORITY AND OUTLAYS, NET

Discretionary:

Gross budget authority and outlays:

4000 Budget authority, gross (calc.) - - - -

4010 Outlays from new discretionary authority (490200E) 15,000 15,000 - -

4020 Outlays, gross (total) (calc.) 15,000 15,000 - -

4030 Federal sources (-) (497200E) - - (5,000) (5,000)

4040 Offsets against gross budget authority and outlays (total) (-) - - (5,000) (5,000)

4053

Recoveries of prior year paid obligations, unexpired accounts 

(497200E)

- - 5,000 5,000

4060 Additional offsets against budget authority only (total) - - 5,000 5,000

4070 Budget authority, net (discretionary) (calc.) - - - -

4080 Outlays, net (discretionary) (calc.) 15,000 15,000 (5,000) (5,000)

4180 Budget authority, net (total) 15,000 15,000 - -

4190 Outlays, net (total) 15,000 15,000 (5,000) (5,000)

Unexpended balances 

(Direct/Reimbursable/Discretionary/Mandatory)

5311 Direct unobligated balance, start of year (420100B) 25,000 25,000 5,000 5,000

5313 Discretionary unobligated balance, start of year (420100B) 25,000 25,000 5,000 5,000

5321 Direct unobligated balance, end of year (445000E, 461000E) 10,000 10,000 10,000 10,000

5323 Discretionary unobligated balance, end of year (445000E, 461000E) 10,000 10,000 10,000 10,000
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 35 of 36 IRC Handout December 1, 2021

Reclassified Financial Statements:

Note: Effective FY 2021, the Reclassified Balance Sheet is the same as the Balance Sheet. Therefore, the Reclassified Balance

Sheet is not presented in this scenario.

RECLASSIFIED STATEMENT OF NET COST

Line 

No.

Agency #1 Agency #2

1 Gross cost

2 Non-federal gross cost - -

6 Total non-federal gross cost (calc.) - -

7 Federal gross cost - -

7.3 Buy/sell cost (RC 24) – Footnote 2 - -

8 Total federal gross cost (calc.) - -

9 Department total gross cost (calc.) - -

10 Earned revenue - -

11 Non-federal earned revenue (590900E) (10,000) -

12 Federal earned revenue

13 Total federal earned revenue (calc.) - -

14 Department total earned revenue (calc.) (10,000) -

15 Net cost of operations (calc.) 10,000 -
REFUNDS OF PRIOR-YEAR SPENDING AUTHORITY FROM OFFSETTING COLLECTIONS (OTHER THAN ADVANCES) 

REFUNDED IN THE CURRENT YEAR FROM UNEXPIRED TAFS AS OBLIGATIONS AND OUTLAYS

Effective Fiscal 2022

Page 36 of 36 IRC Handout December 1, 2021

RECLASSIFIED STATEMENT OF OPERATIONS AND CHANGES IN NET POSITION

Line 

No.

Agency #1 Agency #2

1 Net position, beginning of period (331000B) 25,000 5,000

4 Net position, beginning of period – adjusted 25,000 5,000

7 Budgetary financing sources:

7.1 Appropriations received as adjusted (rescissions and other adjustments) (RC 41) – Footnote 

1 (310100E)

- -

7.2 Appropriations used (RC 39) (310710E) - -

7.3 Appropriations expended (RC 38) – Footnote 1 (570010E) - -

7.8 Expenditure transfers-in of financing sources (RC 09) – Footnote 1 (575000E) - 5,000

7.9 Expenditure transfers-out of financing sources (RC 09) – Footnote 1 (576000E) 5,000 -

7.30 Total financing sources 5,000 5,000

8 Net cost of operations (+/-) 10,000 -

9 Net position, end of period 10,000 10,000